Public Management

Morocco: Tourism revenues fell by 53.8% in 2020

Morocco: Tourism revenues fell by 53.8% in 2020
Thursday, 25 February 2021 14:22

Last year, Morocco cashed out MAD42.4 billion ($4.7 billion), less than the amount recorded a year before in tourism revenues. This makes a decline by 53.8% YoY, according to a report issued on Feb. 22 by the Department of Economic Studies and Financial Forecast (DEPF).

In 2019, Morocco’s tourism revenues grew by 7.8% and an upward trend was also expected for 2020 but the Coronavirus pandemic has disrupted plans.

Since the first case was detected and the state of health emergency was declared in March 2020, measures have been taken, particularly concerning entry into and exit from the country, as well as internal movement. For example, flights to and from countries such as South Africa, Brazil, and more recently Switzerland and Turkey have been suspended. The country has also closed its sea and land borders to control the spread of the virus.

Fewer arrivals of tourists mean less money for the tourism sector, especially for hotels. DEPF reports that "the volume of arrivals to Morocco has fallen by 78.9% at the end of November 2020, against an increase of 5.3% at the end of November 2019, and that of overnight stays by 72.3%.”

However, the institution noted that the decline in revenue had improved in the fourth quarter of 2020, amounting to -46.1% against -80.1% in the third quarter. This is due to the easing of measures relating to the entry and exit from the Moroccan territory.

On October 1, 2020, the government announced a partial reopening of borders and the resumption of flights. However, travelers are required to present a negative Covid-19 test within 72 hours before departure and, as appropriate, proof of employment or accommodation.

In recent days, the Moroccan government has strengthened its travel restriction policy to better address the new wave of contamination, pending the vaccination campaign to achieve herd immunity.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Coris Holding confirmed its plan to enter Gabon’s banking market after expanding into Chad in 2024. BGFIBank Gabon granted 71.29% of new loans in the...
Driven by surging valuations and economic reforms, Nigeria’s capital market now accounts for 33% of GDP, with total capitalization up 125% in less than...
Africa’s startup debt is growing, but $1–$5M loans remain scarce—too big for grants and too small for big lenders to process. FMO–Dalberg...
Genesis acquires 10% stake in FBNBank Sénégal First WAEMU investor joins Nigerian-owned subsidiary Deal supports regional expansion, SME...
Most Read
01

ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...

ECOWAS Eco Currency May Launch Without WAEMU in 2027 Push
02

South Africa led with 35% of total deal value, ahead of Kenya and Egypt Inbound deal value ro...

Three Countries Drove 70% of Africa’s M&A Deal Value in 2025
03

Investigation targets alleged breaches of Nigeria’s 2023 data protection law Platform processes p...

Nigeria: Investigation on Chinese Owned Temu Regarding Privacy Breach Concerns for Local Users
04

The main point of contention between Niamey and France’s Orano concerns the uranium stock extracted ...

Niger-France uranium dispute: How 156 tonnes became 156,000 in global reporting
05

China’s initiative aims to address the imbalances that have long characterised bilateral trade relat...

China to scrap tariffs on imports from 53 African partners from May 1
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.